Global wealth is on the rise, with the number of high net worth individuals (HNWIs) growing by 4.4% in 2024 to reach 2,341,378. According to The Wealth Report 2025 by Douglas Elliman and Knight Frank, this figure is projected to further increase by 28.1% by 2028. At the same time, the greatest wealth transfer in
Chartered Institute of Bankers, Ghana, through this NBEC initiative, is taking a pivotal step towards embedding a robust ethical culture within the Ghanaian banking landscape. This is not just a quiz competition; it is an investment in Ghana’s economic future. On Thursday, May 29, 2025, at the CIB Ghana Auditorium in Accra, a groundbreaking initiative,
[SINGAPORE] OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed Linus Goh, the current head of global commercial banking who retires on Sep 30. Tan Yuen Siang, currently OCBC’s head of
India’s foreign investment norms cap voting rights for investors in banks at 26 per cent and investments by financial institutions in Indian banks at 15 per cent, which has deterred such stake sales, it said Published Date – 27 May 2025, 03:27 PM New Delhi: Fitch Ratings on Tuesday said Sumitomo Mitsui
HSBC Holdings Plc has laid off more than two dozen analysts in recent days, deepening a strategic overhaul of its investment banking operations. Among those impacted is Steven Major, the Dubai-based Global Head of Fixed Income Research, according to people familiar with the matter who requested anonymity due to the confidential nature of the discussions.
HSBC Holdings has laid off over two dozen analysts in recent days as part of its ongoing overhaul of its investment banking division, sources familiar with the matter told Bloomberg. Per the report, people affected by the move included Steven Major, HSBC’s Dubai-based global head of fixed income research. Most of these cuts were in
‘Agentic AI’ is fast making major inroads into the UAE banking sector – moving beyond chatbots to autonomous decision-making in credit and customer experience – with some of the banks already going live with them for granting personal loans and SME financing – amidst rapid digital banking initiatives in the region, sector experts said. The
[SINGAPORE] HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to sources familiar with the matter. Those affected by the move include Steven Major, HSBC’s Dubai-based global head of fixed income research, the sources said, asking not to be
The Q4 results of the private banks as well as state-run lenders were mixed with net interest margins surprising positively for larger banks, but growth remaining elusive. Banks delivered a credit growth of 11% year-on-year (YoY). Slower credit growth versus Street expectations was primarily visible amongst the larger private banks, while most mid-sized banks delivered
NatWest’s decision comes alongside a statement which acknowledges the impact these decisions have on certain customers. NatWest’s decision comes alongside a statement which acknowledges the impact these decisions have on certain customers. NatWest are set to shut more branches this week as 53 are set to close down by the end of 2025. NatWest’s decision